HOW DO WE CHOOSE SECONDARY REAL ESTATE PROPERTIES?We evaluate the ROI (Return on Investment) of the apartment. This involves looking at the selling price and the highest rental price of the apartment. We then subtract taxes and ownership/management expenses, and divide it by the apartment's price. If the result is above 9%, it meets our criteria for a profitable real estate investment.
Selection of a House:- The buildings should not exceed 5 years in age.
- We assess the management company during the reception.
- We consider the appearance and ambiance of the building.
- We check the cleanliness of the swimming pools and parking facilities.
- We analyze the property tax and service fee.
- We take into account the availability of amenities such as a gym, swimming pool, playground, and spa.
Selection of an Apartment:- It is preferable to choose a 1-bedroom apartment instead of a studio.
- The furniture and appliances should be in good condition.
- The view is not a determining factor.
For secondary real estate properties, developers do not have a significant influence.